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Over 100 Amtrak workers linked to $12 million insurance scam
[ad_1] The report detailed how employees in five states – Pennsylvania, Delaware, New Jersey, New York – and Washington, D.C., collaborated with three medical providers who submitted fraudulent or medically unnecessary claims using employee insurance information. In some cases, dependents’ information was also used. [ad_2] Source link
Resilience key to insurance, financing renewable energy projects
[ad_1] The downstream energy sector saw limited major losses in 2024, encouraging insurers to reduce rates. However, potential losses in the first quarter of 2025 have already reached $1.5 billion, exceeding the prior year’s total, introducing potential volatility. [ad_2] Source link
Insurers see trade wars, inflation as growing investment risks — survey
[ad_1] Trade policy and economic uncertainty Since returning to office in January, President Donald Trump has introduced and modified tariffs on major trade partners, including China, Canada, and Mexico. A Wall Street Journal report on March 23 suggested the administration planned to narrow the scope of new tariffs set to take effect in April, opting…
Data privacy in 2025: The importance of privacy compliance in building trust and maximizing security
[ad_1] “In the US, there are state level privacy laws,” he said. “There’s also been a federal refocusing on data security as a national security matter, as highlighted by the Department of Data Security Program that went into effect in April 2025. This means there’s been an increased scrutiny of AI technologies and, on top…
“Was it hot enough?” – The rise and risk of parametric insurance for weather-exposed events
[ad_1] Despite its limitations, parametric coverage appeals for its speed, objectivity, and flexibility. Payouts are faster, disputes are rare, and policies can be tailored to specific risks – whether it’s excessive rainfall, drought, or rising river levels. [ad_2] Source link
Small restaurants, big risks: The coverage gaps that could shut them down
[ad_1] For small restaurants, the margin for error is razor-thin. Small restaurants have always had plenty to worry about – fires in the kitchen, workplace injuries, liability claims, and the ever-present risk of a foodborne illness shutting them down overnight. Unlike large chains with corporate backing, independent restaurants don’t have the financial cushion to absorb…